Copper and associated gold mineralization in the Mundiyawas-Khera area of western India is hosted by the Proterozoic felsic volcanic rocks of rhyo-dacite composition. Signatures of hydrothermal alteration represented by sericite, epidote, scapolite and carbonates are well observed around the ore mineralization zone. The felsic volcanic rocks with gently to flat sloping REE pattern, variable negative Eu anomaly, intermediate abundances of HFSE and moderate to low Zr/Y anomalies are suggested to be FII, FIIIa and FIV type rhyolite. The felsic volcanic host rock for copper mineralization has a depleted and flat HREE pattern and indicates the crustal source, which is garnet free. Negative Eu anomaly in the rock is probably because of the intracrustal partial melting formed in a rift related environment. The high temperature magmatic activities are probably evolved due to the partial melting of crust at shallow to moderate depths, suggesting an evolved continental crust. The δ¹³C values of the mineralized carbonate veins range between −10.4‰ and −0.9 ‰ (min = −10.6‰, n = 27), whereas the δ¹⁸O values show a range of 16.35‰ to 25.23‰ (min = 21.49‰, n = 27), ideally suggesting a mixed source for the ore bearing fluid. Geological, geochemical and stable isotope data of the Mundiyawas-Khera copper deposit suggest it to be a VMS/VHMS setup and these insights will lead to finding new deposits in the nearby areas, having same stratigraphic horizons and similar lithogeochemical assemblages.